Intraday Market Thoughts

Archived IMT (2008.11.14)

by Ashraf Laidi
Nov 14, 2008 9:56

EURUSD extends retreat after failure to breach above the $1.2850 trend line resistance charted from the Oct 29 high through the Nov 5 high. Interim resistance stands at $1.2760, while support stands at $1.2660, followed by $1.26. GBPUSD recovers more than 2 cents off its latest 6-year lows of $1.4558 on its way to post its first daily rise in 6 sessions. While those gains emerged solely on the heels of the explosive spurt in risk appetite, sterlings advances remain...


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